User:Marryshine17/sandbox

THE BAGONG BAYANI OR THE OFW

The ofw are our economic heroes or our bagong bayani because they help prop up oue economy with their remittances from abroad these heroes are the domestic helpers, the seaman and the expats who are living abroad.in January to may 2019 the reported foreign remittances coming from the filipinos working abroad amounted to $2.9 billion this was reportedly at 5.5% higher than the 2018 number for the same period. As our economy depends largely on the dollars it is good to always have a steady influx of dollars  coming in to replenish  our reserver. This somehow helps stabilize the peso dollar exchange rate another benifet is the increased spending power of the families ofw because they have a steady source of income the dependents spend more money that in turn spurs the economy of the Philippines. This helps our GDP or gross domestic product more liquidity in the market is also good for our economy With these benefits alone it is justifiable to call our ofw the modern heroes or the bagong bayani along with the call center agent who likewise is a pillar of our economy.without these two sectors the Philippines economy might have a difficult time keeping up with the constant change happening in the world market